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Washington Spirit ownership reportedly controlled by Y. Michele Kang

After months of turmoil, Washington Spirit co-owner Y. Michele Kang reportedly has majority ownership of the membership, based on a letter The Washington Post shared from Kang to the NWSL’s Board of Governors. 

The Athletic was the primary to report that Kang was set to realize majority voting curiosity throughout the membership as she reportedly satisfied eight debt-holders to transform their debt to fairness. Probably the most notable was Devin Talbott, who reportedly offered his stake “within the type of his observe” to Kang, and now, she reportedly owns extra shares than Steve Baldwin and Invoice Lynch personal as people, per The Athletic

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The opposite seven, nevertheless, didn’t promote their stakes however reasonably went the debt to fairness route, the outlet reported. Given the reported buyers siding with Kang, she and the group backing her now have 52% share of voting pursuits, based on The Athletic.

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